The latest USDA data shows there were 5,604 active licenses in 2023 (down 26% from 2022). Preliminary data shows about 45,000 acres have been licensed, with more than 21,000 acres planted, according to HempBenchmarks.com. According to marketing analysis by Technavio, the global industrial hemp market size is set to reach $6.47 billion by 2026 with a CAGR of 17.7%.

Hemp legalization and new methods of CBD oil extraction with a growing number of various CBD infused products available in mainstream markets will lead to an increase in consumer spending on CBD products. Grand View Research projects that total sales of hemp-derived CBD consumer products will grow at a compound annual growth rate of 20% while hemp-derived CBD is expected to grow at a CAGR of 23.4% post-pandemic owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health. In 2023, hemp-derived CBD dominated the market and accounted for 55.7% of total CBD sales.

U.S. Hemp CBD Business Plan Sample. Table of Contents.


EXECUTIVE SUMMARY
  • Project Scope

  • Market Opportunities

  • Start-up Summary

  • Financial Projections

COMPANY DESCRIPTION
PROJECT SCOPE
  • Mission/Vision/Goal

  • Objectives

  • Products & Services

  • Key Markets

MARKET OVERVIEW
  • Global Market Overview

  • US Hemp CBD Industry

  • Competitive Advantages

  • Hemp CBD Market Projections and Perspectives

  • SWOT Analyses

STRATEGY & IMPLEMENTATION
  • Marketing Plan

  • Launching Strategy

  • Sales Forecast

 

OPERATIONAL PLAN
  • Location/Facilities

  • Physical Security Plan

  • Packaging and Labeling

  • Transportation

  • Tracking Solution

ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
  • Direct and Operational Costs

  • Profit & Loss Forecast

  • Cash Flow Statement

  • Balance Sheet

  • Main Ratios

  • Funding Analyses

APPENDICES
  • Income Statements, monthly

  • Cash Flow Statements, monthly

  • Floor Plans

We offer professional hemp/CBD business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant hemp/CBD business. A Hemp/CBD Business Plan Template includes:

  • Excel financial model that you will be able to edit and customize according to your business needs

  • Word business plan document template, open and editable

  • PowerPoint pitch deck template, open and editable

  • Unlimited support (email)

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Cannabis business plan templates are available at cannabusinessplans.com.